Arctic Petroleum Resources: Basis for Petroleum Activities in the 21st Century - English Version

Recorded On: 12/02/2015

The Arctic continental shelf is believed to be the area with the highest unexplored potential for oil and gas. Despite a common view that the Arctic has plentiful of hydrocarbon resources there are ongoing debates regarding the potential of this region as a future energy supply base. Driving forces for such discussions are geopolitics, environmental concern, assessment and delineation of Arctic resources, technology available for their successful development and the market demand for energy supply.

It is not only petroleum resources of the Arctic that are poorly explored. Our general knowledge of global ecosystems and the overall impact on them made by human activities is scarcely studied. There is very little knowledge on how offshore oil and gas resource development will impact climate change in a long-term perspective. This is especially important for the vulnerable Arctic areas and northern seas. New regulations and environmental standards should be jointly developed by the international community.

Do we have an alternative to the development of oil and gas fields located in the Arctic offshore areas? The development of Arctic resources is inevitable although there is no hurry in doing that now. However, the future role of the Arctic region is of paramount importance, and its resources should be further explored and assessed. There is no doubt that in the second part of XXI century production of HC in the Arctic petroleum mega basin will be as important in energy supply as Persian Gulf and West Siberia basins today.

Anatoly Zolotukhin

Professor, Gubkin Russian State University of Oil and Gas

Anatoly Zolotukhin serves as Counsellor on International Affairs and is a Director of the Institute for Arctic Oil and Gas Technologies. He holds Doctor Honoris Causa title at several Russian universities and serves as Chaired professor at the Northern Arctic Federal University (Arkhangelsk, Russia). From 2008 he serves as Vice President of the World Petroleum Council. He holds MS in applied mathematics, MS, PhD and Doctor of Science degrees in petroleum engineering. He serves as professor at the Gubkin University for over 35 years and at various positions at the University of Stavanger for 20 years. He is the author of 18 monographs and textbooks and more than 130 papers, supervised 12 PhD theses and numerous MS theses at several universities worldwide. Work for nearly 10 years in Statoil. Participated in more than 50 industrial projects, including Shtokman gas-condensate field and Vankor oil field development. Recipient of the Gubkin award (the highest award in Russian petroleum industry), Vernadsky's and Einstein's medals from the Russian Academy of Natural Sciences and the title Honoris Causa in Education from the Ministry of Education and Science of the Russian Federation.

Anatoly was an SPE Distinguished Lecturer for the 2013-14 lecture season.

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12/02/2015 at 9:00 AM (EST)   |  60 minutes
12/02/2015 at 9:00 AM (EST)   |  60 minutes Scheduled for 60 minutes.